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World Bank: Ukraine's GDP contracted by 10% in 2015

World Bank: Ukraine's GDP contracted by 10% in 2015He also noted that the contraction of Ukraine's economy and GDP by 10% last year was due to the unprecedented shocks associated with ongoing hostilities in Ukraine's east, decline in prices on the global commodity markets, as well as the fiscal deficit and inflation.

Read also: To become attractive place for business Ukraine has to resolve significant issues in oil and gas sector

The official said the "political crisis poses a serious threat to the economic recovery and further economic reforms. It is important, in our opinion, so that this political crisis is resolved as soon as possible."

He compared Ukraine to a cyclist moving uphill, who must constantly pedal to keep from falling.
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